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They include toll credits for frequent drivers and measures to combat the rising cost of property insurance.
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Transponder users will receive 50 percent credits each month they record 35 or more toll-road trips. The financial ratings agency wonders what will happen when the program ends,
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Florida aims to fix troubled insurance industry; Gov. DeSantis calls for COVID vaccine investigationOn this week's Florida Roundup, lawmakers wrap up another whirlwind special session aimed at fixing the state's crumbling property insurance market, and Gov. Ron DeSantis asks a grand jury to investigate wrongdoing connected to the COVID-19 vaccines.
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In addition to the insurance bill passed by the state legislature during its special session, DeSantis also signed a bill to provide property tax rebates to people whose homes were left uninhabitable by Ian.
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They include a provision that seeks to temporarily help insurers obtain adequate reinsurance and a phased-in requirement for Citizens customers to buy flood insurance.
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Gov. DeSantis signed a bill offering credits for frequent toll users.
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A Republican-authored bill seeking a $1 billion reinsurance fund, reduced litigation costs and to force some customers to leave a state-created insurer passed the Florida House. It now goes to Gov. Ron DeSantis.
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It passed mostly along party lines as Republicans used their supermajority power in both the House and Senate to reject every amendment put forward by Democrats.
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The Republican proposal passed Tuesday comes during the GOP-led Legislature’s second special session this year aimed at stabilizing the property insurance market. The bill would create a $1 billion reinsurance fund, reduce litigation costs and compel some customers to leave a state-created insurer.
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Republican lawmakers say that Florida would become the 40th state in the nation to no longer allow "one-way attorney's fees" if the measure becomes law. Several trial attorneys say that it would block consumers' access to the courts.
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The proposal would create a $1 billion reinsurance fund. Lawmakers will also consider property tax relief for Hurricane Ian victims and highway toll reductions for frequent commuters.
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State lawmakers will consider legislation on property insurance, property tax relief for hurricane survivors and a statewide toll road credit program when they meet in Tallahassee on Dec. 12-16.